{"id":22233,"date":"2022-04-14T19:29:12","date_gmt":"2022-04-14T13:59:12","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=22233"},"modified":"2023-01-30T01:24:56","modified_gmt":"2023-01-29T19:54:56","slug":"major-changes-in-gst-by-finance-act-2022","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/","title":{"rendered":"Major Changes in GST by Finance act 2022"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e8b383729cc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e8b383729cc\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/#Major_Changes_in_GST_by_Finance_act_2022\" title=\"Major Changes in GST by Finance act 2022 \u00a0\u00a0\u00a0\u00a0\">Major Changes in GST by Finance act 2022 \u00a0\u00a0\u00a0\u00a0<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/#Its_harder_to_avail_Input_Tax_Credit\" title=\"It\u2019s harder to avail Input Tax Credit: \">It\u2019s harder to avail Input Tax Credit: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/#Time_Limit_for_Availing_Input_Tax_Credit_Shall_Be_Extended\" title=\"Time Limit for Availing Input Tax Credit Shall Be\u00a0Extended:\">Time Limit for Availing Input Tax Credit Shall Be\u00a0Extended:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/#Cancellation_of_registration_provision_by_officer_to_be_made_strict\" title=\"Cancellation of registration provision by officer to be made strict:\u00a0 \">Cancellation of registration provision by officer to be made strict:\u00a0 <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/#Time_limit_will_be_extended_for_issue_of_credit_note\" title=\"Time limit will be extended for issue of credit note :\">Time limit will be extended for issue of credit note :<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/#Procedure_of_Filing_Return_of_Outward_Supply\" title=\"Procedure of Filing Return of Outward Supply:\">Procedure of Filing Return of Outward Supply:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/#Provision_for_furnishing_return_US_39_to_be_amended\" title=\"Provision for furnishing return U\/S 39 to be amended: \">Provision for furnishing return U\/S 39 to be amended: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/#Two_way_acceptance_and_rejection_communication_process_for_invoices_and_credit_notes_under_GST_shall_be_removed\" title=\"Two way acceptance and rejection communication process for invoices and credit notes under GST shall be removed : \">Two way acceptance and rejection communication process for invoices and credit notes under GST shall be removed : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/#GST_Tax_payments\" title=\"GST Tax payments: \">GST Tax payments: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/#Fee_on_late_filing_of_GSTR-8\" title=\" Fee on late filing of GSTR-8:\"> Fee on late filing of GSTR-8:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/#No_Interest_on_wrong_ITC_availment_if_not_utilized_by_taxpayer\" title=\"No Interest on wrong ITC availment if not utilized by taxpayer: \">No Interest on wrong ITC availment if not utilized by taxpayer: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/#Time_limit_for_rectification_of_errors_for_filing_GSTR8_To_be_extended\" title=\"Time limit for rectification of errors for filing GSTR8 To be extended: \">Time limit for rectification of errors for filing GSTR8 To be extended: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/#GST_Tax_Refund\" title=\"GST Tax Refund : \">GST Tax Refund : <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/#Amendment_in_Notification_No_132017\" title=\"Amendment in Notification No. 13\/2017:\">Amendment in Notification No. 13\/2017:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/major-changes-in-gst-by-finance-act-2022\/#Now_GST_payments_can_be_made_through_21_banks\" title=\"Now GST payments can be made through 21 banks.\">Now GST payments can be made through 21 banks.<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Changes_in_GST_by_Finance_act_2022\"><\/span><span style=\"color: #ff0000;\"><a href=\"https:\/\/carajput.com\/gst\/gst-consultancy.php\">Major Changes in GST by Finance act 2022<\/a> \u00a0\u00a0\u00a0\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span style=\"color: #ff0000;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-22234\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/04\/Major-Changes-in-GST-by-Finance-act-2022.png\" alt=\"Major Changes in GST by Finance act 2022 \u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\" width=\"839\" height=\"468\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/04\/Major-Changes-in-GST-by-Finance-act-2022.png 640w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/04\/Major-Changes-in-GST-by-Finance-act-2022-300x167.png 300w\" sizes=\"(max-width: 839px) 100vw, 839px\" \/><\/span><\/h2>\n<ol>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Its_harder_to_avail_Input_Tax_Credit\"><\/span><span style=\"color: #000080;\"><strong>It\u2019s harder to avail Input Tax Credit: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>A new clause (ba) has been inserted in section 16(2) stating that ITC in respect with an Invoice can only be availed if such ITC has not been restricted in detail communicate to buyers in form of auto generated statement GSTR 2B u\/s 38 of CGST Act.<\/li>\n<li>Section 38 has also been added, GSTR 2B (auto generated) must contain these 2 components<\/li>\n<\/ul>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li>Details of Input Tax Credit to be availed:<\/li>\n<li>Details of Input Tax Credit that cannot be availed in respect of invoices furnished u\/s 37(1) :<\/li>\n<li>By person who is registered under this Act, within prescribed period.<\/li>\n<li>By person who is registered under this Act, who has defaulted in payment of tax and that default has continued for a prescribed period.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>By person who is registered under this Act, whose output tax is to be paid as per the statement of outward supplies filed by him under 37(1) during this period, as prescribed, is more than the output tax paid by him during that period by such limit as may be prescribed.<\/li>\n<\/ul>\n<\/li>\n<li>By person who is registered under this Act, during such period as may be prescribed ,has availed input tax credit of amount exceeding the credit limit can be availed by him in accordance with clause (a) , by such limit as may be prescribed<\/li>\n<li>By person who is registered under this Act, who has defaulted in payment of tax liability as per the provision of section 49 subject to some conditions and restriction as may be prescribed.<\/li>\n<li>By such other class of persons as may be prescribed.<\/li>\n<li>The main motive of this amendment is to cut off the chain of fraudulent ITC by dealers causing a huge loss to economy. Although this would adversely affect the genuine buyer and when the supplier doesn\u2019t discharge the liability properly.<\/li>\n<li>Many discussions have come with the conclusion that buyers cannot be held responsible for suppliers default in payment of taxes. Hence, the proposed amendment shall also consider these cases.<\/li>\n<\/ul>\n<ol start=\"2\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Time_Limit_for_Availing_Input_Tax_Credit_Shall_Be_Extended\"><\/span><span style=\"color: #000080;\"><span style=\"color: #000080;\">Time Limit <span style=\"font-size: 18.72px;\">for<\/span> Availing Input Tax Credit Shall Be\u00a0<\/span><\/span><span style=\"color: #000080;\"><span style=\"font-size: 18.72px;\">Extended:<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>Section 16(4) deals with time limit in regards with availing ITC. Amendment is being done in this section to avail ITC in respect of invoices or debit note for FY up to 30th Nov. of following financial year.<\/li>\n<li>The previous due date for September was 20th October \u00a0\u00a0\/22nd\u00a0 \u00a0October \/24th October depending on the case.<\/li>\n<\/ul>\n<ol start=\"3\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Cancellation_of_registration_provision_by_officer_to_be_made_strict\"><\/span><strong><span style=\"color: #000080;\">Cancellation of registration provision by officer to be made strict:\u00a0<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<p><strong><span style=\"color: #000080;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 For composite dealers:<\/span> <\/strong><\/p>\n<ul>\n<li>If the composite dealer fails to furnish the returns for a financial year beyond 3 years from the due date, the registration is cancelled in section 29(2) (b). Previously the registration is to be cancelled if dealer does not furnish tax returns for 3 consecutive tax periods. Earlier composite dealers were to file a quarterly return, but now they file an annual return, hence this section required to be amended. As three tax periods would mean 3 years, which nullifies the objective of legislature.<\/li>\n<li>For other than composite dealers: A continuous default of 6 months would result in cancellation of registration. As of now, cancellation of registration will be done for continuous default of prescribed no. of months (it is being said that the government will reduce the time period to 2 to 3 months).<\/li>\n<\/ul>\n<ol start=\"4\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Time_limit_will_be_extended_for_issue_of_credit_note\"><\/span><span style=\"color: #000080;\"><strong>Time limit will be extended for issue of credit note :<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>Section that deals with time limit for issuing credit note in respect of supplies made in a Financial Year up to 30th November of the following financial year is sec 34(2).<\/li>\n<li>Previously the time limit was no different from the return filing for September month of the following financial year.<\/li>\n<\/ul>\n<ol start=\"5\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Procedure_of_Filing_Return_of_Outward_Supply\"><\/span><span style=\"color: #000080;\"><strong>Procedure of Filing Return of Outward Supply:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>Section 37(3) is being amended to extend the time limit up to 30th November of following financial year. So that the rectification of errors can be done for outward supplies furnished u\/s 37(1) that is GSTR-1.<\/li>\n<li>Section 37(2) is being omitted to remove the requirement of acceptance or rejection of invoices furnished and communicated to recipient.<\/li>\n<li>A new section is added to make it compulsory that the returns of outward supply must be filed monthly in chronological order.<\/li>\n<\/ul>\n<ol start=\"6\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Provision_for_furnishing_return_US_39_to_be_amended\"><\/span><strong><span style=\"color: #000080;\">Provision for furnishing return U\/S 39 to be amended:<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-22316\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/04\/Import-Date-under-GST-.png\" alt=\"Import Date under GST\" width=\"843\" height=\"1073\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/04\/Import-Date-under-GST-.png 608w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/04\/Import-Date-under-GST--236x300.png 236w\" sizes=\"(max-width: 843px) 100vw, 843px\" \/><\/p>\n<ul>\n<li>Section 39(5) is being amended so that the time limit for filing GSTR-5 by Non Resident taxable person will be reduced i.e \u00a013th of the following month. Earlier this was of 20th of the following month.<\/li>\n<li>Under Section 39(7) is being amended to provide an option to taxpayers furnishing return under proviso to sub-section (1), they can pay taxes either on actual self -assessment basis or in an alternate way that the government will prescribe later.<\/li>\n<li>Section 39(9) is being amended to provide for an extended time up to 30th November of the following financial year So that the rectification of errors can be done for outward supplies furnished u\/s 39.<\/li>\n<li>Under Section 39(10) is being amended to provide that return u\/s 39 of a particular period cannot be filed by taxpayer unless the return u\/s 37 is filed for that period.<\/li>\n<\/ul>\n<ol start=\"7\">\n<li><strong><span style=\"color: #000080;\">Input Tax Credit reversal and interest payment by buyer in respect supplies on which suppliers default while making payment:<\/span> <\/strong><\/li>\n<\/ol>\n<ul>\n<li>Changing concept ITC claim by buyer from provisional basis to self- assessed basis.<\/li>\n<li>A new section i.e 41 provides for liability of interest on buyer with ITC reversal in case of supplies on which no tax is paid.<\/li>\n<\/ul>\n<ol start=\"8\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Two_way_acceptance_and_rejection_communication_process_for_invoices_and_credit_notes_under_GST_shall_be_removed\"><\/span><span style=\"color: #000080;\"><strong>Two way acceptance and rejection communication process for invoices and credit notes under GST shall be removed : <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>For this section 42, 43 and 43A has been omitted.<\/li>\n<\/ul>\n<ol start=\"9\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"GST_Tax_payments\"><\/span><span style=\"color: #000080;\"><strong>GST Tax payments: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>Section 49(10) is being amended to allow transfer of any amount of tax, interest, penalty, fee etc. available in electronic cash ledger a registered person to the electronic cash ledger of a distinct person registered under same PAN.<\/li>\n<li>A new section that is 49(12) is also added to provide for maximum proportion of output tax liability that can be discharged through the electronic ledger. This implies that the balance liability has to be discharged in cash.<\/li>\n<\/ul>\n<ol start=\"10\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Fee_on_late_filing_of_GSTR-8\"><\/span><span style=\"color: #000080;\"><strong> Fee on late filing of GSTR-8:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>Under Section 47(1) is being amended to provide for penalty for delay in filing GSTR-8 u\/s 52.<\/li>\n<\/ul>\n<ol start=\"11\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"No_Interest_on_wrong_ITC_availment_if_not_utilized_by_taxpayer\"><\/span><span style=\"color: #000080;\"><strong>No Interest on wrong ITC availment if not utilized by taxpayer: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>A New section 50(3) is added from 01.07.2017 for interest to be levied on wrongfully availing and utilized ITC. In cases where ITC has been availed but not utilized , no interest shall be levied. Many other courts stated the same intention.<\/li>\n<\/ul>\n<ol start=\"12\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Time_limit_for_rectification_of_errors_for_filing_GSTR8_To_be_extended\"><\/span><strong><span style=\"color: #000080;\">Time limit for rectification of errors for filing GSTR8 To be extended:<\/span> <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>Adjustments have been made in sec 52(6) to give an extended time limit up to 30<sup>th<\/sup> November of following financial year for rectification of errors in return furnished in form GSTR-8 u\/s 52(4).<\/li>\n<\/ul>\n<ol start=\"13\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"GST_Tax_Refund\"><\/span><span style=\"color: #000080;\"><strong>GST Tax Refund : <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>GST Refund Application by specialized agency of UNO &#8211; Section 54(2) is being amended to provide the time limit for claiming tax refund that has been paid on inward supplies u\/s 55, as two years. Earlier it was 6 months.<\/li>\n<li>Relevant date notified as the due date of for furnishing of return u\/s 39 in case of zero-rated supply to a Special Economic Zone developer or a Special Economic Zone unit where a refund of tax paid is available in respect of such supplies themselves, or as the case may be, the inputs or input services used in such supplies.<\/li>\n<\/ul>\n<ol start=\"14\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Amendment_in_Notification_No_132017\"><\/span><span style=\"color: #000080;\"><strong>Amendment in Notification No. 13\/2017:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>Rate of interest u\/s 50(3) of CGST Act is changed to 18% with retrospectively effects from 01.07.2017. Earlier it was 24%.<\/li>\n<li>Similar amendment is being made in Notification No.6\/2017 \u2013 Integrated Tax &amp; Notification No.10\/2017 \u2013 Union Territory Tax also.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Now_GST_payments_can_be_made_through_21_banks\"><\/span><span style=\"color: #ff0000;\"><strong>Now GST payments can be made through 21 banks.<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>GSTN has enabled 21 banks to make GST Payments.\u00a0 This Newly added bank changes the total number of banks that accept GST Payments.\u00a0 Now GST payments can be made through 21 banks.\u00a0 Below is the Complete list of all the Banks:<\/p>\n<ol>\n<li>Axis Bank<\/li>\n<li>Bank of Baroda<\/li>\n<li>Bank of India<\/li>\n<li>Bank of Maharashtra<\/li>\n<li>Canara Bank<\/li>\n<li>Central Bank of India<\/li>\n<li>City Union Bank<\/li>\n<li>Federal Bank<\/li>\n<li>HDFC Bank<\/li>\n<li>ICICI Bank Limited<\/li>\n<li>IDBI Bank<\/li>\n<li>Indian Bank<\/li>\n<li>Indian Overseas Bank<\/li>\n<li>Jammu and Kashmir Bank Limited<\/li>\n<li>Karur Vysya Bank<\/li>\n<li>Kotak Mahindra Bank Limited<\/li>\n<li>Punjab and Sind Bank<\/li>\n<li>Punjab National Bank<\/li>\n<li>State Bank of India<\/li>\n<li>UCO Bank<\/li>\n<li>Union Bank of India<\/li>\n<\/ol>\n<p><strong>Popular Articles:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/blog\/gst-registration-on-8th-december-2018\/\">Registration of GST under Goods and Service Act, 2017<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/learn\/gstn-notify-sops-for-verification-of-taxpayers-who-have-granted-deemed-registration.html\">SOP for verification of Taxpayer who granted deemed registration<\/a><\/li>\n<li><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/carajput.com\/blog\/gstn-provided-guidance-on-the-gst-registration-facility-available-for-irp\/\">GST Registration facility available for IRPs: GSTN Guidance<\/a><\/span><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/registration-of-gst-made-easier-for-service-providers\/\">Complete knowledge about GST Registration<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Changes in GST by Finance act 2022 \u00a0\u00a0\u00a0\u00a0 It\u2019s harder to avail Input Tax Credit: A new clause (ba) has been inserted in section 16(2) stating that ITC in respect with an Invoice can only be availed if such ITC has not been restricted in detail communicate to buyers in form of auto generated &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[9762,175],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/22233"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=22233"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/22233\/revisions"}],"predecessor-version":[{"id":23166,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/22233\/revisions\/23166"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=22233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=22233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=22233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}